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COFACE SA anticipates a net profit above €50m for the first quarter

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Coface SA
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Paris, 15th April 2021 – 17:45

COFACE SA anticipates a net profit above €50m for the first quarter

The Board of Directors of COFACE SA met on April 15th 2021 and examined non audited preliminary financial information.

The good operating performance achieved by Coface since the beginning of the Covid crisis, combined with an economic environment with a still low level of bankruptcies, should translate into a net profit above €50m for the first quarter.

However, the number of bankruptcies should logically increase during the exit phase of the sanitary crisis and the withdrawal of support actions to the economy.

Coface will report its Q1-2021 numbers on Tuesday 27 April 2021 (after market).


CONTACTS

MEDIA RELATIONS



Saphia GAOUAOUI
T. +33 (0)1 49 02 14 91
saphia.gaouaoui@coface.com



Amélie RIVENET
T. +33 (0)7 64 44 65 83
amélie.rivenet@coface.com

ANALYSTS / INVESTORS



Thomas JACQUET
T. +33 (0)1 49 02 12 58
thomas.jacquet@coface.com



Benoit CHASTEL
T. +33 (0)1 49 02 22 28
benoit.chastel@coface.com

FINANCIAL CALENDAR 2020/2021 (subject to change)
Q1-2021 results: 27 April 2021 (after market close)
Annual General Shareholders’ Meeting 2020: 12 May 2021
H1-2021 results: 28 July 2021 (after market close)
9M-2021 results: 28 October 2021 (after market close)

FINANCIAL INFORMATION
This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website:
http://www.coface.com/Investors

For regulated information on Alternative Performance Measures (APM),
please refer to our Interim Financial Report for S1-2020 and our 2020 Universal Registration Document.



Coface: for trade

With 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Single Risk insurance, Bonding and Information services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group's services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2020, Coface employed ~4,450 people and registered a turnover of €1.45 billion.

www.coface.com






COFACE SA is quoted in Compartment A of Euronext Paris
Code ISIN: FR0010667147 / Mnémonique : COFA

DISCLAIMER - Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group's 2020 Universal Registration Document filed with AMF on 31 March 2021 under the number D.21-0233 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group's businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

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